Mosaic Co (NYSE: MOS)

The Mosaic Company is a leading producer and marketer of concentrated phosphate and potash crop nutrients and a single source supplier of phosphate and potash based crop nutrients and animal feed ingredients. It mines phosphate rock in Florida, Brazil and Peru and processes the rock into phosphoric acid to create finished fertilizer products. The company also extracts potash from mines in Saskatchewan and New Mexico and manufactures products such as muriate of potash and specialty blends. It serves customers in approximately 40 countries and operates production, blending and distribution facilities in the United States, Brazil, Peru and Canada.

The Mosaic Company generates revenue mainly from the sale of phosphate based crop nutrients including diammonium phosphate, monoammonium phosphate and MicroEssentials, from potash products such as muriate of potash and specialty fertilizer blends, and from phosphate and potash based animal feed ingredients sold under brands like Biofos, Nexfos and Foscálcio. The Mosaic Fertilizantes segment contributes revenue through the production and sale of phosphate and potash based crop nutrients and animal feed ingredients in Brazil, as well as through nutrient blending and distribution activities in Paraguay. Additionally, the company's China and India distribution businesses generate revenue by marketing imported phosphate and potash products to wholesalers, cooperatives and farmers in Asia.

The company operates through the following reportable business segments: Phosphate, Potash and Mosaic Fertilizantes.

• Phosphate: This segment mines phosphate rock in Florida, Brazil and Peru, processes the rock into phosphoric acid and produces concentrated phosphate crop nutrients such as diammonium phosphate, monoammonium phosphate and MicroEssentials, and manufactures phosphate based animal feed ingredients under brands like Biofos and Nexfos. In 2025 the segment produced approximately 6.3 million tonnes of concentrated phosphate crop nutrients and accounted for about 72% of estimated North American annual production.

• Potash: This segment extracts potash from mines in Saskatchewan and New Mexico, produces muriate of potash and specialty products such as double sulfate of potash magnesia, and markets these goods globally for fertilizer, industrial and limited animal feed use. In 2025 the segment generated 8.8 million tonnes of potash product, representing approximately 12% of estimated world annual production and about 34% of estimated North American annual production.

• Mosaic Fertilizantes: This segment operates five phosphate mines and four chemical plants in Brazil, produces phosphate and potash based crop nutrients and animal feed ingredients, blends nutrients in Brazil and Paraguay, and distributes products through a network of sales offices, blending facilities, ports and warehouses in South America. In 2025 the segment sold approximately 9.0 million tonnes of crop nutrient products and accounted for about 17% of fertilizer shipments in Brazil.

The Mosaic Company holds a leading position in the global crop nutrient industry as one of the top producers of concentrated phosphate and potash. It is the second largest integrated phosphate producer worldwide and the largest fertilizer producer and distributor in Brazil. The company ranks among the top four global potash producers and benefits from a vertically integrated model that controls mining, processing and distribution. Its scale provides cost advantages, while products such as MicroEssentials differentiate its offering in North and South American markets. The company's extensive logistics network, including owned ports, warehouses and transportation assets, enables it to serve customers in about 40 countries efficiently. Additionally, long term supply agreements for key inputs such as sulfur and ammonia help stabilize production costs and support competitive pricing.

The company's customers include manufacturers of crop nutrients, wholesale distributors, retail chains, cooperatives and farmers who purchase phosphate and potash based fertilizers for agricultural use. It also supplies animal feed ingredients to poultry and livestock producers, as well as to aquaculture operations in select regions. The business serves a diverse base across North America, South America and Asia, with a notable presence in the United States, Brazil, China and India.